INTERESTING SECTOR NEWS At the World Energy Conference in Calgary, CIB CEO Ehren Cory told BNN Bloomberg that the bank is preparing to lend $100 million towards mineral mining infrastructure.
“We're investing in the roads, clean power, water and wastewater, and the infrastructure that those mines need to be economically viable, especially in northern and remote communities, which is where many of our resources are,” he said.
“So that first investment is coming, (but) that $100 million is really just our initial target. It's a floor, not a ceiling.”
He said the bank is preparing to make an announcement about a
new critical mineral project in Canada’s north it intends to help fund through infrastructure lending.
“It's got a
great private company who's leading it … we're not the drivers, our private partners are. We get to be their supporters, their cheerleaders and their financiers.”
Read More - https://www.bnnbloomberg.ca/bnn-bloomberg/infrastructure-investments-can-make-canada-leaders-in-energy-transition-cib-head-1.1974018
Yukon News - https://www.cbc.ca/news/canada/north/minto-receivership-royalty-settlement-1.6920813
Minto Mine is approx 120 miles ( bird miles )
from Shaw Project.
Look for the pick axes on map
NE of Shaw.
https://atlas.gc.ca/critical-minerals/en/index.html Cheers